 | 1923
...as collateral security for the payment as above promised, and held subject to their order or demand, with authority to take possession and dispose of the same at discretion for their security or reimbursement." In the case of First National Bank v. Kelly, 57 NY 34, it was held... | |
 | 1889
...collateral security for the payment as above promised, and shall be held subject to their order on demand, with authority to take possession and dispose of the same at discretion, for their security and reimbursement.' The argument upon this provision rests upon the words 'pledged'... | |
| |
... the bills of lading for the same are hereby pledged and hypothecated to Messrs. Baring Bros. & Co. as collateral security for the payment as above promised, . . . and shall be held subject to their order on demand, with authority to take possession... 
